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Segments (Tables)
3 Months Ended
Apr. 01, 2023
Segment Reporting [Abstract]  
Segments

Nucor’s results by segment for the first quarter of 2023 and 2022 were as follows (in thousands):

 

 

 

Three Months (13 Weeks) Ended

 

 

 

April 1, 2023

 

 

April 2, 2022

 

Net sales to external customers:

 

 

 

 

 

 

Steel mills

 

$

4,979,257

 

 

$

6,518,609

 

Steel products

 

 

3,275,997

 

 

 

3,323,088

 

Raw materials

 

 

454,726

 

 

 

651,585

 

 

$

8,709,980

 

 

$

10,493,282

 

Intercompany sales:

 

 

 

 

 

 

Steel mills

 

$

1,163,632

 

 

$

1,593,258

 

Steel products

 

 

100,361

 

 

 

134,706

 

Raw materials

 

 

3,170,892

 

 

 

3,546,519

 

Corporate/eliminations

 

 

(4,434,885

)

 

 

(5,274,483

)

 

$

-

 

 

$

-

 

Earnings before income taxes and
   noncontrolling interests:

 

 

 

 

 

 

Steel mills

 

$

838,388

 

 

$

2,578,854

 

Steel products

 

 

970,802

 

 

 

684,867

 

Raw materials

 

 

58,140

 

 

 

95,853

 

Corporate/eliminations

 

 

(270,546

)

 

 

(461,459

)

 

$

1,596,784

 

 

$

2,898,115

 

 

 

 

April 1, 2023

 

 

Dec. 31, 2022

 

Segment assets:

 

 

 

 

 

 

Steel mills

 

$

14,053,600

 

 

$

14,157,229

 

Steel products

 

 

11,318,754

 

 

 

12,087,145

 

Raw materials

 

 

3,466,854

 

 

 

3,383,114

 

Corporate/eliminations

 

 

3,407,182

 

 

 

2,851,722

 

 

 

$

32,246,390

 

 

$

32,479,210